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Exports of Hot-Rolled Steel Bar and Rod reached a peak of 4.1M tons in 2021, but saw a slight decrease from 2022 to 2023. In terms of value, exports sharply declined to $3.4B in 2023.
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Explore the top import markets for hot-rolled steel products and discover key statistics on global trade. Learn about the leading countries in this market and their strong demand for steel.
In January 2023, the Hot-Rolled Steel Bar and Rod industry witnessed its highest rate of growth, with a remarkable increase of 70% compared to the previous month. In terms of value, imports of Hot-Rolled Steel Bar and Rod reached a significant $88 million in September 2023.
During the period from September 2022 to July 2023, the growth of exports showed no signs of recovering momentum. In terms of value, the exports of Hot-Rolled Steel Bar and Rod experienced a modest expansion, reaching $270M in July 2023.
As of August 2023, the price for Rolled Steel Shape was $2,443 per ton (CIF, US), showing a 7.4% increase compared to the previous month.
The price of Hot-Rolled Steel Bar and Rod in July 2023 was $995 per ton (CIF, US), experiencing a 6.7% increase compared to the previous month.
The price of Hot-Rolled Steel Bar and Rod reached $1,051 per ton (FOB, Italy) in April 2023, showing a month-on-month increase of 8.9%.